Proptech startup Flent raised Rs 6.5 crore to upgrade urban India’s renting standards

Indian proptech startup Flent has raised Rs 6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from US-based 2 AM Ventures and Pareto Holdings.

The round also saw participation from a group of angel investors, including Sanchan S Saxena (Ex-GM, Airbnb), Aneesh Reddy (Founder, Capillary Technologies), Arjun Vaidya (Founder, Dr. Vaidya’s), Shradha Sharma (Founder, YourStory) and Abhilash N (Co-founder, Ivy Homes).

Developing full stack renting platform

With this raised capital, Flent aims to expand its core team and further develop India’s first f

Indian proptech startup Flent has raised Rs 6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from US-based 2 AM Ventures and Pareto Holdings.

The round also saw participation from a group of angel investors, including Sanchan S Saxena (Ex-GM, Airbnb), Aneesh Reddy (Founder, Capillary Technologies), Arjun Vaidya (Founder, Dr. Vaidya’s), Shradha Sharma (Founder, YourStory) and Abhilash N (Co-founder, Ivy Homes).

Developing full stack renting platform

With this raised capital, Flent aims to expand its core team and further develop India’s first full-stack renting platform, which it believes will make renting 10X easier and faster for India’s new-age working professionals.

“People compromise on so many things when it comes to renting—settling for outdated & unfurnished homes, hefty deposits, subpar brokers, and one-sided terms. We believe that in today’s world, compromise isn’t an option, especially for the new generation. At Flent, we’re making renting as simple as booking an Uber”, said Shail Daswani, Co-Founder and CEO of Flent.

Who are the founders?

Founded by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, Flent claims to be India’s first on-demand renting platform, offering a unique experience for both renters and homeowners.

Renters sign up, share their preferences, and pay a refundable booking fee. Within 15 days, Flent provides them with a fully furnished, designer home—completely free of brokerage, with minimal deposit requirements and flexible terms. If the renter likes the property, they can move in immediately. If not, they receive a full refund. 

For homeowners, Flent manages the entire process, from property acquisition to furnishing, transforming homes into turnkey rentals with ease.

Flent's market presence

Since its inception in October 2023, Flent has launched 120 rooms across Bangalore, from 1 BHKs to 3 BHKs, all of which have been rented out within 10 days of launch.

The startup claims it has a waitlist of over 500 people and has consistently achieved 100% occupancy.

Rohit Krishna, General Partner at WEH Ventures said, “Think of Flent as India’s first experience-led broker that doesn’t charge brokerage fees. Flent has shown solid validation that a full-stack model can deliver a superior experience for both tenants and property owners, offering a real alternative to the outdated renting process. Just as Amazon, Myntra, Swiggy, and Ola brought disruption via superior experience, Flent is creating an irreversible shift in the world of renting.”

“Urban renting in India is a $10 billion industry, but it remains fragmented and focused on sales rather than the experience. Our investment in Flent reflects a straightforward belief: young Indians want hassle-free, high-quality homes, and Flent is uniquely positioned to meet this demand,” said Hershel Mehta, Managing Partner at 2 AM VC.